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Cable Update (GBPUSD)

  • #337,721
  • Mar 26, 2013 8:07pm Mar 26, 2013 8:07pm
Quoting inpatient
London close might see us back to 5165

bingo,

but where do we go from here?
Money never sleeps...
  • #337,722
  • Mar 26, 2013 8:31pm Mar 26, 2013 8:31pm
Quoting inpatient
bingo,

but where do we go from here?
well for the last 2 days in the London window we have fallen (average of maybe 50 pips each day) no real news expected to change anything tomorrow and the retailers are net long.

The simpleton in me wants to say we will be at 1.51 tomorrow
Money never sleeps...
  • #337,723
  • Mar 26, 2013 8:33pm Mar 26, 2013 8:33pm
yeah, but GBP current account also comes out tonight. That can cause a change as well.
  • #337,724
  • Mar 26, 2013 8:35pm Mar 26, 2013 8:35pm
Quoting inpatient
well for the last 2 days in the London window we have fallen (average of maybe 50 pips each day) no real news expected to change anything tomorrow and the retailers are net long.

The simpleton in me wants to say we will be at 1.51 tomorrow
Yes mr inpatient, but you are forgetting the h&s on the bi annual chart, and don't listen to inpatient

(he sometimes talks to himself)

Crrrraazzzzzy!
Money never sleeps...
  • #337,725
  • Mar 26, 2013 8:42pm Mar 26, 2013 8:42pm
Quoting inpatient
It sure can, were all here to help each other. The forum has been fairly friendly now for a while. Welcome to the forum, more charts and perspective is always a good thing.

Pound seems to be supported around 1.514 for now.

Would be interested in a break of 1.513 but until then i think we will range between here and 1.5165
range seems to be holding through the Asian session,

London will come in and send it lower again.

1.51 - 1.512 coming to cinema near you
Money never sleeps...
  • #337,726
  • Mar 26, 2013 8:44pm Mar 26, 2013 8:44pm
Quoting inpatient
range seems to be holding through the Asian session,

London will come in and send it lower again.

1.51 - 1.512 coming to cinema near you
yeah but if you really had faith in your own thoughts surely you would be shorting from the 1.5165 mark you been talking about?
Money never sleeps...
  • #337,727
  • Mar 26, 2013 8:46pm Mar 26, 2013 8:46pm
Quoting inpatient
yeah but if you really had faith in your own thoughts surely you would be shorting from the 1.5165 mark you been talking about?
This is true,

good point that is....
Money never sleeps...
  • #337,728
  • Mar 26, 2013 8:55pm Mar 26, 2013 8:55pm
and to add further fuel to zie fire,

the dollar index looks like its becoming bullish too
Attached Image (click to enlarge)
Click to Enlarge Name: usdollarh1.png Size: 38 KB
Money never sleeps...
  • #337,729
  • Mar 26, 2013 8:58pm Mar 26, 2013 8:58pm
Quoting inpatient
and to add further fuel to zie fire,

the dollar index looks like its becoming bullish too


mmm, this true, looks like an inverted head and shoulders might be forming on that chart
Money never sleeps...
  • #337,730
  • Mar 26, 2013 9:36pm Mar 26, 2013 9:36pm
hey Robot how are you my friend?

You still holding short?
Money never sleeps...
  • #337,731
  • Mar 26, 2013 9:39pm Mar 26, 2013 9:39pm
Quoting inpatient
hey Robot how are you my friend?

You still holding short?
good how r u ?yea have a short at 5143? what about u
  • #337,732
  • Mar 26, 2013 11:05pm Mar 26, 2013 11:05pm
Quoting Robot
good how r u ?yea have a short at 5143? what about u
no but still looking for an opportunity to enter long from under 1.50

I think London will sell this down again tomorrow, good luck bro. Your a star
Money never sleeps...
  • #337,733
  • Mar 26, 2013 11:28pm Mar 26, 2013 11:28pm
Waiting for 1.5110 to try a small long.
  • #337,734
  • Mar 26, 2013 11:52pm Mar 26, 2013 11:52pm
Inpatient my target for the pound over the next 2 days is 4980 then to 4870 if we can get there
the market can remain irrational longer than you can remain solvent
  • #337,735
  • Mar 27, 2013 1:00am Mar 27, 2013 1:00am
hey.. what was the country of origin of "Range Rover" again?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,736
  • Mar 27, 2013 1:17am Mar 27, 2013 1:17am
Quoting Sombasan
Inpatient my target for the pound over the next 2 days is 4980 then to 4870 if we can get there
Why do you think it's going to get anywhere near those prices ? And in the next 2 days?

Easter weekend markets closed on Friday month end.
  • #337,737
  • Mar 27, 2013 1:47am Mar 27, 2013 1:47am
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_2013-03-27+07-29-03.jpg Size: 118 KB
  • #337,738
  • Mar 27, 2013 1:53am Mar 27, 2013 1:53am
Q4 GDP coming up this morning could see pressure on the pound
  • #337,739
  • Mar 27, 2013 3:00am Mar 27, 2013 3:00am
gonna buy at 5129
  • #337,740
  • Mar 27, 2013 3:17am Mar 27, 2013 3:17am
Quoting wasabeclaw
gonna buy at 5129
cleared my long, test short @ 5170..

fiber seems better than cable these days..
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